Medical Specialty Bags Market Size, Share Analysis by Semi and Fully Automated Types, Forecasts by 2026

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The global medical specialty bags market was valued at USD 6.96 Billion in 2018 and is anticipated to reach USD 10.55 billion by the year 2026, at a CAGR of 5.3%.

The global medical specialty bags market was valued at USD 6.96 Billion in 2018 and is anticipated to reach USD 10.55 billion by the year 2026, at a CAGR of 5.3%. These bags are designed especially for a collection of body wastes from the body through a surgical opening for passage of body wastes. It is used in various applications like urine collection, blood storage, sterile packaging, bile collection, enteral feeding, and many others. It has applications extensively in hospitals and healthcare centers for hygiene maintenance, along with the usage of patient-centered products. According to the world population statistics, the number of geriatric patients are increasing, due to the changing lifestyle and increased inclination towards active life; the number of accidents has gradually increased. This has eventually led to a rise in the number of surgical processes. Thus, the demand for medical specialty bags is on the rise. Additionally, the growing need for maintaining hygiene in hospitals, home care centers, surgicenters, and healthcare centers coupled with increased awareness among the population, is expected to boost the market growth of target industry. An increase in road accidents is expected to drive the demand for medical specialty bags. For example, in India, more than 150,000 people meet with an accident every year which means around 400 casualties occur every day.

Top Companies Profiled in the Report Include:

B Braun Melsungen AG, C.R. Bard, Inc., MacoPharma, Pall Corporations, Smiths Medical, Westfield Medical Ltd, Medline Industries, Inc., Baxter International Inc., Convatec Inc., Terumo Corporation..

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Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.

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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.

The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Medical Specialty Bags market in these key regions.

Country-wise regional analysis covers:

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East Africa

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Additionally, the report consists a detailed analysis of the segmentation of the Medical Specialty Bags market based on product types and end-use/application offered in the Medical Specialty Bags market.

Type (Revenue, USD Million; 2016–2026)

  • Ostomy Bags
  • CAPD Bags
  • Blood Bags
  • IV Fluids Bags
  • Enteral Feeding Bags
  • Bile Collection
  • Others

End Use (Revenue, USD Million; 2016–2026)

  • Healthcare centers
  • Hospitals
  • Home Healthcare
  • SurgiCenters
  • Others

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